Bernie Gunther said:
Thing is, other energy sources just can't substitute for what we currently do with oil. You can do the maths easily enough. No combination of alternatives can plausibly replace oil. Biofuels compete with food crops. Nuclear requires relatively scarce fuels that are probably not available in enough quantity/quality. Solar and wind are pretty limited in capacity.
how about vast off shore wave / wind and wave power driven hydrogen producing plants, potentially even based from decommissioned oil platforms.
I'm pretty sure there's some fairly serious efforts in that direction in the north sea, with
Teeside (UK) in particular gearing up for a largescale transfer to a hydrogen economy using ex-north sea gas / oil infrastructure.
I'd be very surprised if we didn't see largescale floating combined
wind and
wave power fields centred upon either converted oil platforms, or floating hydrogen production platforms within the next 10-15 years. In this way huge fields of floating wind and wave turbines could be spread over 10's-100's of square miles to create networks capable of generating 10's of gigawatts of electricity which would then be converted to hydrogen for transport either by tanker or pipelines. All of this could be done so far off shore that it creates no visual impact and should therefore escape the attention of the NIMBY lobby.
IMO it'll be the oil industry that will take the lead on this, as they are the only ones with the infrastructure, knowhow, finance and clout to make it happen. Problem being that they're also the ones with the most vested interest in maintaining the high price of oil & maximising the returns on their investment in their oil fields for as long as possible. At some point though, one of the big players is going to try to steal a march on their competitors, buy up the leading wave and hydrogen power companies for peanuts, convert all their petrol stations to dual hydrogen / petrol / diesel outlets, persuade the major car manufacturers to produce hydrogen models, and start mass production and distribution of offshore hydrogen on a huge scale.
When it happens, it'll happen on a massive scale with most of the other oil companies jumping in to the market in a big way once the first one has led the way, and hundreds of billions of dollars being invested as each company vies to grab as big a market share as possible, investing the huge profits from $100+ a barrel oil to grab the biggest share of the future energy market.
this is the way I see it going anyway, I could of course be entirely wrong
